Recent Analysts’ Ratings Updates for HubSpot (HUBS)

Several analysts have recently updated their ratings and price targets for HubSpot (NYSE: HUBS):

11/9/2017 – HubSpot had its price target raised by analysts at UBS Group AG from $84.00 to $103.00. They now have a “buy” rating on the stock.

11/2/2017 – HubSpot had its price target raised by analysts at Oppenheimer Holdings, Inc. from $91.00 to $93.00. They now have an “outperform” rating on the stock.

11/2/2017 – HubSpot had its price target raised by analysts at Morgan Stanley from $93.00 to $96.00. They now have an “overweight” rating on the stock.

11/2/2017 – HubSpot had its price target raised by analysts at Canaccord Genuity from $8,398.00 to $98.00. They now have a “buy” rating on the stock.

11/2/2017 – HubSpot had its price target raised by analysts at Needham & Company LLC to $95.00. They now have a “buy” rating on the stock.

11/2/2017 – HubSpot had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $93.00 price target on the stock. They wrote, “Consistent with our preview, HubSpot’s 3Q results were impressive, with upside to billings, 35%+ growth across leading business indicators, and management raising 2017 guidance; which support that the business is taking share of mid-market engagement technology spend. On balance, a shifting product mix will likely make ARPU trends lumpy, which may take time for investors to gain comfort with. Bottom line: 3Q results are another data point that HubSpot’s differentiation moat versus the competition is increasing in the mid-market, and the ~37% billings growth YTD lays a solid foundation for growth in 2018, giving us an upward bias to consensus estimates. HubSpot’s streak of improving business fundamentals in upcoming quarterly results is likely to continue.””

10/26/2017 – HubSpot had its “outperform” rating reaffirmed by analysts at UBS Group AG. They now have a $91.00 price target on the stock, up previously from $82.00.

10/25/2017 – HubSpot was given a new $91.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.

10/23/2017 – HubSpot had its price target raised by analysts at Morgan Stanley from $90.00 to $93.00. They now have an “overweight” rating on the stock.

10/13/2017 – HubSpot had its “sector weight” rating reaffirmed by analysts at KeyCorp.

10/9/2017 – HubSpot was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating.

10/3/2017 – HubSpot was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock. According to Zacks, “HubSpot’s cloud-based inbound marketing and sales applications are gaining widespread adoption as evident from the growing customer base, which expanded to more than 34K at the end of second quarter 2017. We note that the stock has outperformed the industry on a year-to-date basis. Recently, management raised the guidance for third-quarter 2017 driven by strong momentum from the One HubSpot initiative, cross-selling opportunities, growing marketing agency network and expanding international footprint. However, we believe that the $50 per month marketing starter product will hurt average subscription revenue (ASR) per customer, at least in the near term. Moreover, mounting losses remain a concern for investors.”

9/28/2017 – HubSpot had its price target raised by analysts at Cowen and Company from $69.00 to $76.00. They now have a “market perform” rating on the stock.

9/27/2017 – HubSpot had its “outperform” rating reaffirmed by analysts at UBS Group AG. They now have a $82.00 price target on the stock, up previously from $80.00.

9/27/2017 – HubSpot had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $82.00 price target on the stock.

9/27/2017 – HubSpot had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $83.00 price target on the stock.

9/27/2017 – HubSpot had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $86.00 price target on the stock.

9/27/2017 – HubSpot had its price target raised by analysts at Bank of America Corporation from $88.00 to $92.00. They now have a “buy” rating on the stock.

9/25/2017 – HubSpot had its price target raised by analysts at Morgan Stanley from $84.00 to $88.00. They now have an “overweight” rating on the stock.

Shares of HubSpot, Inc. (NYSE HUBS) traded up $1.75 during trading on Thursday, reaching $81.35. 341,600 shares of the company’s stock were exchanged, compared to its average volume of 418,545. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.41. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $88.50.

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HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.15. HubSpot had a negative net margin of 12.16% and a negative return on equity of 21.93%. The company had revenue of $97.73 million during the quarter, compared to the consensus estimate of $96.50 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. HubSpot’s quarterly revenue was up 38.4% on a year-over-year basis. equities research analysts forecast that HubSpot, Inc. will post -0.99 earnings per share for the current year.

In other news, CFO John Kinzer sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $83.39, for a total transaction of $1,250,850.00. Following the transaction, the chief financial officer now directly owns 87,786 shares of the company’s stock, valued at approximately $7,320,474.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dharmesh Shah sold 24,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $84.92, for a total transaction of $2,038,080.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,000 shares of company stock worth $5,792,730. Corporate insiders own 12.10% of the company’s stock.

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.